Bellwork 1.How much money would you need to deposit on your 20 th birthday if you want to end with $8250 on your 30 th birthday and your interest rate.

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Presentation transcript:

Bellwork 1.How much money would you need to deposit on your 20 th birthday if you want to end with $8250 on your 30 th birthday and your interest rate is 6.5% and your account compounds weekly?

EXAMPLE 1 Simplify natural base expressions Simplify the expression. a.e2e2 e5e5 = e = e7e7 b. 12e4e4 3e3e3 = e 4 – 3 4 = 4e4e (5(5 ) c.e –3x 2 = 5252 ( ) 2 = 25 e –6x = 25 e6xe6x

EXAMPLE 2 Evaluate natural base expressions Use a calculator to evaluate the expression. a.e4e4 b.e –0.09 ExpressionKeystrokesDisplay [ ]exex 4 exex 0.09

GUIDED PRACTICE for Examples 1 and 2 Simplify the expression. 1.e7e7 e4e4 e e8e8 4e5e5 12 e2e e –3 6e56e5 6e3e3 SOLUTION

GUIDED PRACTICE for Examples 1 and 2 Simplify the expression. 4. ( 10 e –4x ) e 12x Use a calculator to evaluate 5.e 3/ SOLUTION

EXAMPLE 3 Graph natural base functions Graph the function. State the domain and range. a.y = 3e 0.25x SOLUTION Because a = 3 is positive and r = 0.25 is positive, the function is an exponential growth function. Plot the points (0, 3) and (1, 3.85) and draw the curve. The domain is all real numbers, and the range is y > 0.

EXAMPLE 3 Graph natural base functions Graph the function. State the domain and range. SOLUTION The domain is all real numbers, and the range is y > 1. b.y = e –0.75(x – 2) + 1 a = 1 is positive and r = –0.75 is negative, so the function is an exponential decay function. Translate the graph of y = right 2 units and up 1 unit. e –0.75x

EXAMPLE 4 Solve a multi-step problem Biology The length l (in centimeters) of a tiger shark can be modeled by the function e –0.178t l = 337 – 276 where t is the shark’s age (in years). Graph the model. Use the graph to estimate the length of a tiger shark that is 3 years old.

EXAMPLE 4 Solve a multi-step problem SOLUTION STEP 1Graph the model, as shown. STEP 2Use the trace feature to determine that l 175 when t = 3. The length of a 3 year-old tiger shark is about 175 centimeters. ANSWER

GUIDED PRACTICE for Examples 3 and 4 9. WHAT IF? In Example 4, use the given function to estimate the length of a tiger shark that is 5 years old. ANSWERThe length of the tiger shark is 224 cm.

GUIDED PRACTICE for Examples 3 and 4 Graph the function. State the domain and range. 6.y = 2e 0.5x domain: all real numbers, range: y>0

GUIDED PRACTICE for Examples 3 and 4 Graph the function. State the domain and range f(x) = e -x +1 domain: all real numbers, range: y>1

A = Pe rt This is the formula you will use when interest compounds CONTINUOUSLY.

EXAMPLE 5 Model continuously compounded interest A = Pe rt SOLUTION Finance You deposit $4000 in an account that pays 6% annual interest compounded continuously. What is the balance after 1 year? Use the formula for continuously compounded interest. Write formula. Substitute 4000 for P, 0.06 for r, and 1 for t. =4000e 0.06(1) Use a calculator. The balance at the end of 1 year is $ ANSWER

GUIDED PRACTICE for Example FINANCE: You deposit $2500 in an account that pays 5% annual interest compounded continuously. Find the balance after each amount of time? The balance at the end of 2 years is $ ANSWER a. 2 years The balance at the end of 5 years is $ ANSWER b. 5 years The balance at the end of 7.5 year is $ ANSWER c. 7.5 years

How much money would you have to put in your account to end up with $1,000,000, in 50 years if your account earns 8% annually and it compounds continuously? A=Pe rt